Nureca IPO opens right this moment: Check value band, gray market premium and extra

Image Source : NURECA WEBSITE Nureca IPO opens right this moment: Check value band, gray market premium and extra 
The preliminary public providing (IPO) of Nureca Ltd will open for subscription from right this moment (February 15). The subscription opens a month after the corporate acquired SEBI approval to lift Rs 100 crore by way of public subject. The subject will shut on February 17.
Nureca Ltd owns the Dr Trust model. The IPO shall be bought within the value band of Rs 396-400 a chunk of the face worth of Rs 10 every. An investor can bid for no less than 35 fairness shares and in multiples of 35 shares thereafter and as much as 14 heaps.
The firm has reserved shares price Rs 1 crore for its workers. They shall be offered shares at a reduction of Rs 20 apiece.
According to the corporate, as much as 75 per cent of the web subject shall be reserved for Qualified Institutional Buyers (QIB). The firm has reserved as much as 10 per cent for retail traders. The remaining 15 per cent has been reserved for non-institutional class.

Nureca is engaged within the enterprise of residence healthcare and wellness merchandise and allows prospects with instruments to assist them monitor continual illnesses and different ailments. The firm sells its merchandise by way of on-line channel companions akin to e-commerce gamers, distributors and retailers. It additionally sells merchandise by way of its personal web site.
Nureca had filed its papers with SEBI in November 2020. It obtained SEBI observations on January 11. The capital markets regulator’s observations are obligatory for any firm to launch public points like IPO, follow-on public supply (FPO) and rights subject. 
Nureca’s income has grown practically 60 per cent from March 2019 to March 2020, in accordance with a report. Nureca raised  Rs 44.55 crore from two anchor traders.
The fairness shares shall be listed on BSE and NSE.
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